NOT LISTED FOR SALE

Estimated Value: $529,000 - $606,000

9 Beds
3 Baths
2,536 Sq Ft
$227/Sq Ft Est. Value

Last Sold September 15, 2021

Last sale price $460,000 $181 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,619/month

5 Days on Market

Highlights

  • Deck
  • No HOA
  • Baseboard Heating
  • Wood Flooring

About This Home

As of September 2021

Beautiful Biddeford 3 unit, recently refinished and fully occupied, this investment property is ready to cash flow! Location cannot be beat, close to all the amenities of the city and convenient to Interstate 95. All units have recently been upgraded and are occupied into August/September of 2021. Owner occupy or renew current leases, it is a perfect start to multi unit ownership or addition to your current portfolio. An updated, maintained investment property in the heart of an up and coming city with significant growth year over year - this is the opportunity you've been waiting for.

Last Listed By

Amber

The Collective Real Estate Co Listed on: 07/20/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,629

Year Built

  • Built in 1900

Lot Details

  • 3,049

Home Design

  • Flat Roof Shape
  • Brick Foundation
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,536 Sq Ft Home
  • Multi-Level Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Additional Features

  • Doors are 32 inches wide or more
  • Deck
  • 3,049 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Tax Lot 99
  • Assessor Parcel Number BIDD-000038-000000-000099

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $10,975
  • Gross Income $39,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,629

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Location is Accurate
  • Above Grade Finished Sq Ft: 2536.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.07
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2536.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 39900.0
  • Income Expenses Operating Expenses: 10975.0
  • Style:Multi-Level: Yes
  • Basement Entry:Exterior Only: Yes
  • Roof:Flat: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 32 - 36 Inch Doors
  • Has Basement: Full, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Tile
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Flat
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3049.2
  • Parcel #: BIDD-000038-000000-000099
  • Zoning: MSRD1

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 39900.0
  • Annual Operating Expense: 10975.0

Tax Info

  • Tax Annual Amount: 3629.0
  • Tax Book Number: 18217
  • Tax Lot: 99
  • Tax Map Number: 38
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2021
Closed on
Sep 15, 2021
Sold by
Besso Llc
Bought by
Gebremariam Daniel M and Aregawi Yalem
Seller's Agent
Amber
The Collective Real Estate Co
Buyer's Agent
Daniel Weber
Portside Real Estate Group
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%
Total Days on Market
5
Current Estimated Value
$575,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,257
Avg. Annual Appreciation
7.18%
Original Mortgage
$414,000
Outstanding Balance
$380,283
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$212,216

Purchase Details

Listed on
Feb 18, 2020
Closed on
Apr 10, 2020
Sold by
Camire Nicholas E
Bought by
Besso Llc
Seller's Agent
Megan McShane
Redfin Corporation
Buyer's Agent
Alexandra Cota
Keller Williams Coastal and Lakes & Mountains Realty
List Price
$315,000
Sold Price
$305,000
Premium/Discount to List
-$10,000
-3.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.29%
Original Mortgage
$244,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2019
Sold by
Camire Nicholas E
Bought by
Camire Nicholas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,597
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 3, 2019
Closed on
Feb 20, 2019
Sold by
Cm Llc
Bought by
Camire Nicolas E
Seller's Agent
Julie Perrino
F.O. Bailey Real Estate
Buyer's Agent
Jasmine Pellerin
Keller Williams Realty
List Price
$299,900
Sold Price
$260,000
Premium/Discount to List
-$39,900
-13.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.16%
Original Mortgage
$255,290
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
May 30, 2017
Closed on
Apr 17, 2018
Sold by
Caring Unlimited Corp
Bought by
Cm Llc
Seller's Agent
Paula Standley
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Paula Standley
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$195,000
Sold Price
$100,000
Premium/Discount to List
-$95,000
-48.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
211.90%
Original Mortgage
$130,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2007
Sold by
Mela Peter T Est
Bought by
Caring Unlimited Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.41%
Mortgage Type
Commercial

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gebremariam Daniel M -- None Available
Besso Llc -- None Available
Camire Nicholas E -- --
Camire Nicolas E -- --
Cm Llc -- --
Caring Unlimited Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gebremariam Daniel M $414,000
Previous Owner Besso Llc $244,000
Previous Owner Camire Nicholas E $258,597
Previous Owner Camire Nicolas E $255,290
Previous Owner Cm Llc $115,000
Previous Owner Cm Llc $130,000
Previous Owner Caring Unlimited Corp $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2021 09/15/21 Sold $460,000 +2.2% $181 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $450,000 +47.5% $177 / Sq Ft
04/10/2020 04/10/20 Sold $305,000 -3.2% $120 / Sq Ft
02/24/2020 02/24/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $315,000 +21.2% $124 / Sq Ft
02/20/2019 02/20/19 Sold $260,000 -13.3% $103 / Sq Ft
02/04/2019 02/04/19 Pending -- -- --
02/03/2019 02/03/19 For Sale $299,900 +199.9% $118 / Sq Ft
04/18/2018 04/18/18 Sold $100,000 -48.7% $39 / Sq Ft
01/26/2018 01/26/18 Pending -- -- --
05/30/2017 05/30/17 For Sale $195,000 -- $77 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,160 $362,900 $112,300 $250,600
2023 $4,713 $359,200 $112,300 $246,900
2022 $3,878 $236,300 $57,100 $179,200
2021 $3,686 $202,200 $46,700 $155,500
2020 $3,138 $181,000 $47,100 $133,900
2019 $3,829 $166,900 $33,000 $133,900
2018 $0 $166,900 $33,000 $133,900
2017 $0 $153,100 $33,000 $120,100
2016 -- $144,600 $33,000 $111,600
2015 -- $144,600 $33,000 $111,600
2014 -- $144,600 $33,000 $111,600
2013 -- $182,800 $75,100 $107,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1501507

Maine Listings

APN: BIDD-000038-000000-000099